Geopolitical Atlas
South Asia

Bangladesh

Capital: Dhaka||Updated · Full review

Key stats

Population
177.8m
2026 (UN projection) · source 1
Median age
26.3yrs
2026 (projection) · source 2
GDP
506.4US$ bn
2026 (IMF estimate) · source 3
GDP per capita
2,886US$
2026 (IMF estimate) · source 3
Real growth
3.6%
2026 (IMF forecast) · source 3
Unemployment
4.63%
Q4 2024 (BBS) · source 9
Defence spending
0.81% GDP
2025 · source 4
Credit rating
B2
Sep 2026 · source 8

The verdict

Judgement

Bangladesh holds a heavy hand: about 178 million people with a median age near 26, with a garment industry that is the world's second-largest exporter1,2,5. It played it well for decades, rising from one of the poorest countries in 1971 to lower-middle income, but its last government turned to repression and fell to an uprising in 20245,7. Now poverty has risen four years running and corruption ranks 150th of 1825,6. The next decade turns on whether Tarique Rahman's new government, elected in February 2026, can create jobs for the two million young people who enter the labour market each year, and rule without repeating the revenge politics of the past10,5.

Where this lens is weakest: The LKY lens admired Bangladesh's growth under Sheikh Hasina, and would credit her for it7. It misleads here: her order ended with her flight in 2024 and a conviction for crimes against humanity7. The lens is also uneasy with a country where politics is a feud between two parties, and where the 2026 election, though the first truly competitive one in years, barred the former ruling party10. And it has little to say about the Rohingya refugees from Myanmar, who strain Bangladesh's resources for reasons outside its control7.

Scorecard

ModelScoreTrendConfidence
1. Givens
GeographyWhat does the map enable, and what does it threaten?2 WeakStableLow confidence
PeopleIs the population growing, skilled and staying?3 MixedStableMedium confidence
2. Multipliers
CultureWhat habits does the society reward?2 WeakStableMedium confidence
LeadershipWho rules, how are they chosen, and are they competent?2 WeakStableLow confidence
OrderIs there rule of law, low corruption and predictability?2 WeakImprovingMedium confidence
CohesionWhere are the fault lines, and how stable are they?2 WeakStableLow confidence
RelevanceWhy does the world need this country?2 WeakStableMedium confidence
3. External game
Balance of powerWho are its patrons, rivals and hedges?3 MixedStableLow confidence
StrengthCan it deter, or does it depend on others?2 WeakStableLow confidence
4. Filters
TrajectoryRising, stagnant or declining, and how fast?2 WeakStableMedium confidence

Model by model

Layer 1 · Givens

Geography

2 Weak Stable Low confidence

What does the map enable, and what does it threaten?

The map gives Bangladesh people and little room. Its borders were drawn by the partition of Bengal between India and Pakistan in 19477. Its neighbour Myanmar drove hundreds of thousands of Rohingya refugees into it from 20177. About 178 million people live on its land1. Its garment exports reach world markets, making it the second-largest exporter of ready-made clothing5. Data on climate and flood exposure was not gathered here, hence low confidence. A crowded delta squeezed between neighbours.

People

3 Mixed Stable Medium confidence

Is the population growing, skilled and staying?

The population is about 178 million, with a median age of about 261,2. They are the country's main asset: rural women working in garments made Bangladesh the world's second-largest exporter of ready-made clothing5. But two million young people enter the labour market each year, and job creation is weak5. Poverty has risen for four consecutive years5. Official unemployment was only 4.63% in late 2024, which hides how many are underemployed9,5. A large, young workforce the economy is failing to absorb.

Layer 2 · Multipliers

Culture

2 Weak Stable Medium confidence

What habits does the society reward?

The institutional habits are weak. Bangladesh scored 24 on Transparency International's 2025 index, up one point, ranking 150th of 1826. Politics has been a contest between two main parties, with coups and military rule under Ziaur Rahman and Ershad, and a one-party state in 19757. Hasina's government fell in 2024 and she was found guilty of crimes against humanity7. Survey data on trust and work norms was not gathered, hence medium confidence. This score is about institutions and social habits, not about any group.

Leadership

2 Weak Stable Low confidence

Who rules, how are they chosen, and are they competent?

Judged by deeds, Bangladesh has a new government with an old record to overcome. Sheikh Hasina's government delivered growth for years but was forced from power by a mass uprising in 20247,9. In February 2026 an election was held, the first truly competitive one in years, and the BNP and its allies won at least 212 of 299 seats10. Tarique Rahman, who returned from nearly two decades abroad, became prime minister10. Moody's raised its outlook in September 2026, citing easing political uncertainty and stronger reserves8. Too soon to judge by results.

Order

2 Weak Improving Medium confidence

Is there rule of law, low corruption and predictability?

Bangladesh is calmer than it was, and fragile. Months of deadly unrest in 2024 toppled the government and disrupted daily life and the garment industry10,9. The 2026 election produced a clear outcome, seen as key to stability10. Its political history is violent: Sheikh Mujib made it a one-party state in 1975, and President Ziaur Rahman was killed by troops in 19817. The Awami League, which ruled for 15 years, was barred from the 2026 vote10. Order restored by an election, not yet by institutions.

Cohesion

2 Weak Stable Low confidence

Where are the fault lines, and how stable are they?

Bangladesh shares a strong national identity, born of the 1952 language movement and the 1971 war of independence7. Its politics, however, are a feud: Hasina was found guilty of crimes against humanity after fleeing, and her party was barred from the 2026 election7,10. The Islamist Jamaat-e-Islami and its allies won 70 seats, a sign of a new force in politics10. Inequality has risen as growth became uneven5. Survey data on social trust was not gathered, hence low confidence. One nation, deeply split by party.

Relevance

2 Weak Stable Medium confidence

Why does the world need this country?

The world needs Bangladesh mainly for clothing. It is the world's second-largest exporter of ready-made garments5. The IMF puts its 2026 GDP at about US$506bn3. It hosts the Rohingya refugees driven out of Myanmar, a burden for the region7. Its 178 million people make it one of the world's most populous states, though its income per head is only about US$2,9001,3. A large economy with a narrow role in the world.

Layer 3 · External game

Interests

Described, not scored

What does it need, want and fear?

Need: jobs for two million new workers a year5; a sound banking system and more revenue, which the World Bank names as priority reforms5. Want: export diversification beyond garments5; investor confidence after the turmoil10; and a better credit rating, now B2 with a stable outlook8. Fear: renewed political violence10,7; persistent inflation and rising poverty5; and the cost of the Rohingya refugees7.

Balance of power

3 Mixed Stable Low confidence

Who are its patrons, rivals and hedges?

Bangladesh has to manage larger neighbours with little leverage. It was carved out by the partition of 1947 and won independence in 1971 in a war against Pakistan7. Its neighbour Myanmar drove hundreds of thousands of Rohingya into it from 2017, a crisis it cannot resolve alone7. It needs open markets for its garment exports, the second-largest in the world5. Data on its ties with India, China and the United States was not gathered, hence low confidence. A large state that must stay on good terms with everyone.

Strength

2 Weak Stable Low confidence

Can it deter, or does it depend on others?

Bangladesh spends little on its forces. SIPRI puts military spending at about 0.8% of GDP in 2025, on an economy of about US$506bn4,3. Its army has shaped its politics more than its defence, with coups and military rule in its history7. Readiness data was not gathered, hence low confidence. Large in numbers of people, small in military weight.

Layer 4 · Filters

Trajectory

2 Weak Stable Medium confidence

Rising, stagnant or declining, and how fast?

Judged by results, Bangladesh has stalled. Poverty has risen for four consecutive years, inflation is persistent, and the World Bank calls the near-term outlook weak5. Growth that once made it one of the world's fastest-growing economies has slowed7,3. There are signs of stabilisation: Moody's cited stronger reserves and record remittances in September 20268. A long rise interrupted, with recovery not yet shown.

Power map

  • Patrons: None recorded
  • Partners: India
  • Rivals: Myanmar
  • Hedges: None recorded
  • Top trade partners:

History that shaped it

10 events · facts cited, meaning is judgement
  1. 1947

    Partition of Bengal

    The borders of modern Bangladesh were set by the partition of Bengal between India and Pakistan in August 1947, when it became East Pakistan7.

    Why it matters It was joined to a state a thousand miles away, sowing the seeds of later conflict.

  2. 1952

    Language movement

    On 21 February 1952 police opened fire on students in Dhaka protesting for recognition of Bengali7.

    Why it matters It forged a Bengali national identity against rule from West Pakistan.

  3. 1971

    War of independence

    A Pakistani military crackdown began on 26 March 1971, and the Pakistani army surrendered in Dhaka on 16 December, marking the liberation of Bangladesh7.

    Why it matters The state was born in war, with India's help, and the memory still divides its politics.

  4. 1975

    One-party state

    In January 1975 Sheikh Mujib assumed the presidency with extraordinary powers and established a one-party state7.

    Why it matters The founding leader turned to one-party rule within four years, starting a cycle of coups.

  5. 1981

    Zia assassinated

    President Ziaur Rahman was killed by troops loyal to Major General Abul Manzoor on 30 May 19817.

    Why it matters Military rule continued under Ershad, delaying democratic institutions.

  6. 1991

    Democracy restored

    After Ershad's arrest, free and fair elections were held in 19917.

    Why it matters The two-party rivalry between the BNP and the Awami League began.

  7. 2008

    Awami League landslide

    The Awami League-led coalition won a landslide in the 2008 election7.

    Why it matters It began Sheikh Hasina's 15 years of rule, with growth and growing repression.

  8. 2017

    Rohingya influx

    From August 2017, Myanmar's army drove hundreds of thousands of Rohingya into Bangladesh7.

    Why it matters A large refugee population strains its resources with no end in sight.

  9. 2024

    Hasina ousted

    Sheikh Hasina was forced to flee the country after countrywide protests in 2024, and was later found guilty of crimes against humanity7.

    Why it matters A ruler who outstayed consent fell to the street, leaving a vacuum.

  10. 2026

    BNP wins election

    In February 2026 the BNP and its allies won at least 212 of 299 seats in what was seen as the first truly competitive election in years10.

    Why it matters Power returned to an elected government, with the former ruling party barred.

Watchlist

    Change log

    1. Full review First assessment. Credit rating: Moody's B2, outlook stable (September 2026). Unemployment: Bangladesh Bureau of Statistics quarterly figure for October–December 2024 (4.63%). No dated watchlist event found. Top trade partners: not researched, left for the facts agent.

    Sources

    10 cited
    1. UN World Population Prospects 2024, population with projections, Bangladesh (via Our World in Data) Accessed 1 Nov 2026
    2. UN World Population Prospects 2024, median age, Bangladesh (via Our World in Data) Accessed 1 Nov 2026
    3. IMF World Economic Outlook, October 2026: Bangladesh (DataMapper) Accessed 1 Nov 2026
    4. SIPRI Military Expenditure Database, 1949–2025 (share of GDP) Accessed 1 Nov 2026
    5. World Bank, Bangladesh country overview Accessed 1 Nov 2026
    6. Transparency International, Corruption Perceptions Index 2025: Bangladesh Accessed 1 Nov 2026
    7. Wikipedia, "History of Bangladesh" Accessed 1 Nov 2026
    8. Bonik Barta, "Moody's raises Bangladesh outlook to 'stable', keeps 'B2' rating", 16 Sep 2026 Accessed 1 Nov 2026
    9. The Daily Star, "Unemployment rate rises to 4.63 percent", 2025 Accessed 1 Nov 2026
    10. The Star (Reuters), "Bangladesh's BNP wins two-thirds majority in landmark election", 13 Feb 2026 Accessed 1 Nov 2026